Revenue for the first quarter of 2011 was $136 million, up $57 million from the same period last year, benefiting from stable production and higher silver prices.
The company's margins improved during the quarter. EBITDA margin rose to 60% during the quarter versus 40% in the corresponding quarter of 2010. EBITDA increased from $31.7 million during the first quarter of 2010 to $81 million during the quarter under review. Net income margins came higher, at 32% vs. 27% in the comparable quarter of 2010.As of March 2011, Hecla's cash position was $322 million compared to $116.3 million cash on hand during the same period in 2010. Capital expenditure totaled $22 million for the first quarter of 2011. Analysts expect the stock to gain around 45% over the next year.